Bullboard - Stock Discussion Forum Fortis Inc FTRSF

Primary Symbol: T.FTS Alternate Symbol(s): FTS | T.FTS.PR.F | FORFF | T.FTS.PR.G | T.FTS.PR.H | FRTSF | T.FTS.PR.J | T.FTS.PR.I | T.FTS.PR.K | T.FTS.PR.M | FTPSF

Fortis Inc. is a Canada-based diversified regulated electric and gas utility holding company. Its regulated utility businesses include ITC Investment Holdings Inc., ITC Holdings Corp. and the electric transmission operations of its regulated operating subsidiaries, which include International Transmission Company, Michigan Electric Transmission Company, LLC, ITC Midwest LLC and ITC Great Plains... see more

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TSX:FTS - Post Discussion

Fortis Inc > Lorne Steinberg - BNN - WEAK BUY

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Post by Possibleidiot01 on Feb 01, 2024 2:52pm

Lorne Steinberg - BNN - WEAK BUY

WEAK BUY

FTS vs. ENB vs. TRP for income in an RRSP.

ENB has lots of debt, which company has indicated it's going to reduce, which means slower dividend growth over time. Yield is 7.6%.

FTS is less levered. For a pure income play, he'd choose this one over ENB.

His favourite play in the entire sector is TRP. Less levered than ENB. Healthy dividend yield, and more room for growth. More room for growth in general.

electrical utilities

N/A